The Fed is likely to hold interest rates steady despite intense pressure from Trump

Federal Reserve Chair Jerome Powell (right) and his colleagues are expected to leave interest rates unchanged Wednesday, despite calls for lower rates from President Trump. The president toured the central bank

The Federal Reserve is expected to leave its benchmark interest rate unchanged, but a rate cut is possible in September. President Trump has been urging the central bank to lower borrowing costs.

(Image credit: Chip Somodevilla)